Hurting Businesses Can Still Benefit, Receive Funds for Future Lost Revenue with Pandemic Insurance
FOR IMMEDIATE RELEASE
Deadline is May 31st to apply for protection yet this calendar year
INDIANAPOLIS – James Allen Insurance, a national provider of Pandemic Business Insurance policies, is still taking applications for coverage through May 31, 2020. Businesses interested in receiving coverage for future business revenue loss due to COVID-19 have an option for a six-month policy that would provide coverage from July 1, 2020 until December 31, 2020. Businesses interested in excluding COVID-19 and purchasing more generalized pandemic coverage for future outbreaks have an option for an annual policy.
As the COVID-19 pandemic continues to take its toll on the economy, many businesses have been forced to furlough staff or close their doors altogether. Even companies able to stay afloat during this time have experienced financial setbacks from which they will take years to recover. While government subsidies are available for many businesses, available funds run out quickly and can take weeks or months to make it to the business owner. In the meantime, businesses who can’t wait are forced to make tough decisions.
Earlier this year, James Allen Insurance’s CEO Tim Craig saw a need to cover businesses experiencing this hurt and launched the Pandemic Insurance Policy in March. The policy covers added out-of-pocket expenses and lost revenue associated with the outbreak of disease.
“Everywhere you turn, you see people from all walks of life stepping up to do what they can to mitigate the damage being caused by this pandemic. Creating this specialized insurance policy for businesses is our way of stepping up and mitigating the financial damage being felt across many industries and by businesses of all sizes. Since launching our policy, we’ve provided coverage for more than 80 entities.”
While the nation’s food and hospitality establishments have been hit the hardest, some restaurateurs have found solace and security under James Allen Insurance’s protection.
“To put it simply, our nation’s restaurant industry will never be the same once this pandemic ends, whenever that may be,” said Jeremiah Hamman, an Indiana restaurateur. “The James Allen Insurance policy has given me peace of mind that my business will survive regardless of how long or severe this pandemic gets. I’m relieved to have such a safety net while so many others in my industry are waiting for government assistance or other sources of public funding.”
Dr. Amy Marckese-Braun, owner of Dental Day Spa Indy and a policyholder of James Allen Insurance, remarked how quickly a customized policy was issued and payment was delivered after speaking to the company.
“There are no words to describe the impact James Allen Insurance’s Pandemic Policy has had on my business, my employees and me,” says Marckese-Braun. “The staff’s ability to remain kind and patient in a time when everyone reaching out is in a panic was very much appreciated. The process was quick and easy. It took 30 minutes for [JAI] to gather the needed information to develop our customized policy. Then, once the policy was put into motion, we had a 48-hour turnaround for the money to be deposited into my account. In all of this mess, knowing my business and employees are protected has been the only shining light.”
The policy is fully customizable and designed to protect businesses in all industries including hospitality, retail, restaurants, medical and more. Capacity is limited and coverage will be placed on a first-come, first-serve basis. For more information, visit jamesalleninsurance.com or call 866-347-0799.